President Donald Trump sent shockwaves across the country Thursday night when he announced he had agreed to meet with North Korean dictator Kim Jong-un by May of this year, following the latter's pledge to halt further nuclear testing and move toward denuclearization.

"We would have done this in the monologue if we had known," Colbert said to his audience. "It literally happened while we were doing the show, while we were taping. I'm not entirely sure what I'm about to say."

The meeting -- announced by South Korean National Security Advisor Chung Eui-Yong just outside the White House -- would make history in the 70-year standoff between the U.S. and NoKo.

"We'll finally find out who has a bigger button!" Colbert joked. Here's how he and Jimmy Kimmel handled the news on their respective late-night shows.

'The Late Show with Stephen Colbert'

"Tonight, we learned about an official invitation from Kim Jong-un to meet Trump," Colbert said. "Wow. This can only mean one thing: Dennis Rodman is gonna get the Nobel Peace Prize."

"We don't know all the details yet, but because North Korea is an economically starved country, the invitation is BYOEverything," he joked.

Colbert was pleased to learn North Korea had promised to suspend its nuclear tests, saying, "They've gone from 'We'll blow up Guam' to 'We pinky swear not to blow up Guam for a few days.'"

But by the same token, "How 'bout bringing peace to your country first?"

'Jimmy Kimmel Live!'

"The North Korean leader extended an olive branch to Donald Trump, which is a big deal because olive branches are really the only thing they have to eat there," Kimmel joked. "The president was very excited about this -- so excited, in fact, that he went into the White House press room, where he had never gone before, to tell reporters 'off the record.' And they're like, 'No, we can't do it off the record -- we're in the press room.'"

Regarding the target meeting date set for "by May," Kimmel said, Trump's "not gonna still be president by May. This needs to happen by Wednesday!" Regardless, the comedian said he's looking forward to "the two worst haircuts in the world" getting together.

"You know those two are gonna hit it off," he said. "You know Trump comes out of this saying, 'Kim Jong-un, very bright guy, we like each other a lot.' They'll be golfing together, they'll be sharing a bucket of chicken. Maybe Jim Kong-un will be the next host of 'Celebrity Apprentice!'"